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<br />;~_ r.. <br /> <br />. MEMORANDUM OF LEASE <br /> <br />The City of Kannapolis; North Carolina (hereinafter called "Lessor") leased the <br />property described below to Cabarrus County, North Carolina (hereinafter called <br />"Lessee") pursuant to a Lease Agreement dated on or about August 23, 1999 (the <br />"Lease") and finally approved by both parties effective on or about July 24, <br />.2002. A copy of the Lease Ora memorandum thereof has been recorded in the <br />Cabarrus County Register of Deeds Office, Book_ Page . The Lease was <br />for a term of approximately.twenty (20) years beginning September 1, 1999 <br />through August 31, 2020. <br /> <br />DESCRIPTION OF LEASED PROPERTY: <br /> <br />The leased property is located on certain land at 760 Orphanage Road in <br />Cabarrus, County, North Carolina, all as shown in the description of the leased <br />property attached hereto as Exhibit A and incorporated herein by-reference (the <br />"Property"). (Attach legal. description. ) <br /> <br />Whereas, the parties have elected to amend the least to provide for an extension <br />of the Lease term, beginning September 1, 2020 through August 31,2033. The <br />provisions set forth in the Lease, as amended from time to time, are hereby <br />incorporated into this memorandum as if more fully set forth herein. <br /> <br />IN WITNESS WHEREOF, the parties hereto have duly executed this Memorandum of <br />Lease and have hereunto set their seals effective as of the 13~ day of <br />December, 2004. <br /> <br />COUNTY OF CABARRUS, NORTH CAROLINA <br /> <br />By: <br /> <br />(Seal) <br />, Chairman of the Cabarrus County Board of Commissioners <br /> <br />ATTEST: <br />Frankie Bonds, Clerk to the Cabarrus Coun~y Board of Commissioners <br /> <br />(AFFIX COUNTY SEAL) <br /> <br />1=-/ .:t <br />